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On Tuesday United Stocks stocks traded sharply higher Tuesday as investors weighed the implications of delayed results from Iowa’s presidential caucuses and new stimulus efforts by the People’s Bank of China, as it tries to combat the economic impact of a deadly Asian virus that has claimed hundreds of lives and infected more than 20,000 people.
Read moreDow Jones Rallies 400 Points as Stock Market Extends Rebound from Coronavirus Selloff
On Wednesday United States President Donald Trump dangled the prospect of walking away from a new trade deal with China if it’s not to his liking, just as he cut short his summit with North Korea’s Kim Jong Un when the two sides failed to reach an agreement.
Read moreDonald Trump Says He Might Walk Away From China Trade Talks
China and the U.S. agreed to a cease-fire in a trade battle that has shaken global markets, with the U.S. postponing plans to increase tariffs on $200 billion in Chinese goods and the two sides entering negotiations on other contentious issues.